Marketplace®
Every story is an economic story

Marketplace

Marketplace Business News Podcast
Kai Ryssdal
Latest Episode

Marketplace for Thursday April 17, 2014

Apr 17, 2014

Episodes 3311 - 3320 of 5796

  • Whether banks have posted profits or losses this quarter, the data suggests that people are getting better at paying back their loans. Dan Bobkoff looks at what’s led to the overall improvement in creditworthiness for consumers. Then, the White House hosts a summit of deans from top biz schools today to talk about educating the leaders of the future. The event is in the lead-up to, you guessed it, another summit in June, that one about Working Families. We ask what comes of these confabs, and what real utility they provide. Plus, former New York mayor Michael Bloomberg is committing $50 million to creating an anti-gun voting operation. This is on top of $50 million to fight coal-burning plants, $53 million to fight overfishing of oceans, $50 million for women’s reproductive rights. What does $50 million buy?

  • As consumer prices increase more than expected, we look at what’s becoming more expensive (food, rents) and why – as well as asking who this will impact the most. Plus, tomorrow the College Board will release “extensive sample items” for the newly designed SAT. The revised test obviously affects students, who will begin taking it in the spring of 2016. But how about the multi-billion dollar test prep industry? We take a look at how they’re preparing for the changes. Also, Russia’s  Finance Minister is warning that his country’s economy could see zero growth this year because of the backlash over Russia’s annexation of Crimea.  Russia has seen capital flight of $63 billion in the first 3 months of this year, as people rushed to convert rubles into other currencies. The news comes as the European Union threatens further sanctions against Russia. Then, Yahoo’s earnings look good today. The company has been on an upswing this year, in the wake of a spate of talent hires by CEO Marissa Mayer. But closer examination of Yahoo’s numbers paint a different picture. The company’s stake in Chinese IPO hopeful Alibaba is worth about  $33 billion, given the valuation placed on Alibabs right now. Yahoo’s market cap right now? $33.8 billion. Which begs the question, without Alibaba, what is Yahoo really worth?

  • Saved by the spring – retail sales increased 1.1 per cent in March, the biggest jump since September 2012.  This might be pent-up demand from a difficult winter, but what’s the story behind the figures? When both the job market and wages are still weak, Mitchell Hartman looks at where the money’s coming from. Also, a new report from the U.N.’s climate panel says we’ve got 15 years to turn things around or potentially really suffer the effects of global warming in the future. This is the starkest call for action yet, but the report also illustrates why calls for this kind of action are so hard for people to process.  Plus, Maxwell House coffee is getting a makeover today, but it’s only the most recent Kraft vintage brand to get one. Kraft’s going through its older brands, some of the most famous in consumer goods, and refreshing them for modern times.    

  • The President has picked his budget adviser Sylvia Burwell to replace HHS Secretary Kathleen Sibelius. She’s the second director of the Office of Management and Budget to ascend to a higher position in the administration with Jacob Lew as her predecessor). What is it about the OMB – one of the wonkiest spots in a wonky town – that makes it such a good proving ground? Plus: Walmart is challenging Whole Foods with a new line of organic foods with sharply lower prices. But this isn’t meat or produce, its processed foods like spaghetti sauce and pasta. And therein lies the challenge: ain’t much organic wheat grown anywhere. Where you going to find commodity volumes of organic commodity grains, tomatoes and other ingredients? Also, Amazon just bought comiXology for Kindle – but you might be forgiven for thinking that comic geeks would revolt against anything that doesn’t come wrapped in an eminently swappable plastic sheath. Krissy takes a look at the business of making comics pay these days. 

  • Kathleen Sebelius, the secretary of Health and Human Services, will resign after serving five years in the position and presiding over the rollout of the Affordable Care Act. President Obama accepted Sebelius’s resignation earlier in the week, and on Friday will nominate Sylvia Mathews Burwell, the director of the Office of Management and Budget, to replace her, according to White House officials. Plus, the search for the Malaysian jet goes on, and at great expense. This is less about the 777 that disappeared, and more about all the other 777s that are still flying: investigators need to protect all the other people that are traveling in these jets every day. That means they need to know what went wrong. And they’ll do and spend whatever it takes to find out. And after a four-year absence, Greece is back in the international sovereign debt market. 

  • Goldman Sachs considers shutting down its private trading exchange as publicity about high-speed trading and talk of SEC investigations draw attention to the bank. The bank will consider how it profits/benefits from the private exchange versus the cost of scrutiny and negative attention. Are the calculations similar to those in its decision to sell its commodities trading business? Also, the break-up of a graphic design duo has resulted in a lawsuit of $20 million – over fonts. Tobias Frere-Jones and Jonathan Hoefler worked together for 15 years to create some of the most famous and ubiquitous fonts around– used by GQ, Martha Stewart, the New York Jets, and Saturday Night Live. They won awards for their typefaces – before the relationship turned sour. Who knew there was so much money in fonts? Plus: Not to worry, Comcast tells Congress. It needs to merge with Time Warner Cable, so it will have the strength to compete with the real heavyweights in broadband and content delivery – companies like Google and Apple. We examine the argument.

  • The “Job Opening and Labor Turnover” survey out today says employers advertised 4.2m jobs in Ferburaury, the highest figure since January 2008. It also showed that more people are quitting their jobs. We investigate what kind of jobs are being posted and the workers leaving their jobs. Plus: Employees of some of the biggest tech firms, incliding Apple and Google, have accused their employers of colluding to prevent workers from being hired by their rivals and are asking for $9 billion as part of a class-action law suit. The ecidence against the companies is pretty damning. So what impact is this lawsuit going to have on wages in the industry and what does this say about the complexities of hiring and keeping tech firms? Also, the Manischewitz Co. is changing hands again, this time acquired by a private-equity group that plans to push Manischewitz’s efforts to broaden its customer base to non-Jews by latching on to the healthy food movement. What could be healthier than kosher?  

  • Tomorrow Obama signs an EO meant to help close the wage gap for federal contractors. Of these contractors, woman earn 77 cents on the dollar compared to men. In this episode, we investigate who these women are and what they stand to gain. Also, with the Nasdaq sliding we look at the Tech sectors value and what it means to the overall economy, considering it doesn’t produce jobs. Plus: Amazon’s created a device called Dash that can speed your oredering of groceries from Amazon Fresh, if you happem to be one of the few people who uses Amazon Fresh, which raises the question: Why do tech companies find it so challenging to be grocery stores? Afterall, some grocery stores already deliver and have been doing so for a while.   

  • The goal is always the same – so-called ‘full employment. But what would that actually look like? And what sort of jobs would predominate? Also,  Nest’s software failure shows that even the most high tech companies still rely on humans when everything fails, and for many wireless product firms, the human back end of their operations is considerable. We report on the manpower costs of providing a non-human product. Plus: When late night hosts change, everyone wants to know who the new guy (or gal – one day) will be. But what about the band? Mark Garrison reports on the way the late night bands are chosen, and what elevation to that esteemed slot can mean.   

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About the show

Hosted by Kai Ryssdal, our leading business news radio program and podcast is about providing context on the economic news of the day. Through stories, conversations and newsworthy developments, we help listeners understand the economic world around them. Marketplace makes sense of the economy for everyone, no econ degree or finance background required. Marketplace doesn’t just report on the numbers, we take it deeper, adding context to what’s happening in the stock market and how macroeconomic policy can affect you and your business. Monday through Friday, our team speaks with a wide range of industry professionals — from small business owners to Fortune 500 CEOs, Marketplace breaks down complex topics related to business and the economy without industry jargon and over-complicated explanations.

Kai Ryssdal has led the program since 2005 and has hosted the program from China, the Middle East and dozens of cities across the United States. As a leading public media voice, Kai has been a trusted broadcaster for two decades and received an Emmy for investigative journalism on a PBS FRONTLINE documentary about money in politics called “Big Sky, Big Money.” He has appeared often on CNN, CNBC and CBS news. His written work has been featured in The New York Times and The Atlantic.

Produced and distributed by American Public Media (APM) our popular business news podcasts are available worldwide on Apple Podcasts, Spotify, and RSS Feeds and any place else where you get your podcasts.

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